Tag Archives: currency exchange

U.K GDP Contracts 0.7 in Second Quarter

Posted on August 28, 2009 by admin

Revised second quarter GDP figures show the UK economy contracted -0.7% in the second quarter, slightly less than the -0.8% previously recorded. Economic and industrial confidence for the eurozone has come in positive this morning, while US personal consumption figures are likely to cause some currency volatility later in the day.
Continue reading →

Posted in Currency News, Euros, UK Pound Sterling | Tagged , , , , , , , , , , , , , , , | Leave a comment

Euro Confidence Rises

Posted on August 26, 2009 by admin

This morning’s figures show the German business climate and expectations rose in August, sparking further gains for the euro which has strengthened against its major currency partners. Sterling sentiment remains weak, putting pressure on currency rates for the pound, while Japanese export levels have fallen for the tenth straight month.
Continue reading →

Posted in Currency News, Euros, Other Currencies, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , | Leave a comment

Sterling Remains Weak

Posted on August 25, 2009 by admin

Foreign exchange rates for the pound remain bearish, sinking to an 11-day low against the single currency yesterday following strong industrial orders in the eurozone. US markets are optimistic this morning amid speculation that Ben Bernanke will be reappointed for a second term, while Israel’s central bank has voted to increase interest rates by 0.25%. Continue reading →

Posted in Company News, Euros, Other Currencies, UK Pound Sterling | Tagged , , , , , , , , , , , , , , , | Leave a comment

U.K confidence rises

Posted on August 24, 2009 by admin

An index measuring confidence among business professionals in the UK has risen the most in over two years, as speculation grows that the UK will end its recession in the third quarter. News that Thailand has emerged from recession and improved sentiment from Ben Bernanke led to gains in Asian trading overnight, with yen and US dollar foreign exchange rates falling as demand for the safe havens diminishes.
Continue reading →

Posted in Company News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Sterling Slides

Posted on August 21, 2009 by admin

The pound remains weak this morning as markets digest news of a record budget deficit in the UK. The euro continues to rally following positive PMIs for the manufacturing and service sectors and the Canadian dollar was boosted yesterday by a recommendation to buy from Goldman Sachs. Continue reading →

Posted in Currency News, Euros, Financial News, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , | Leave a comment

Sterling spikes against Dollar

Posted on August 5, 2009 by admin

Sterling foreign exchange rates have risen sharply against the US dollar this morning in response to figures showing the service sector expanded in July. Employment figures and factory orders due in the US today could cause currency volatility while Bank of England and ECB interest rate decisions due tomorrow.
Continue reading →

Posted in Currency News, Euros, Financial News, Other Currencies, UK Pound Sterling | Tagged , , , , , , , , , , , , , | Leave a comment

Sterling Recovers

Posted on July 23, 2009 by admin

Sterling and euro exchange rates have trimmed losses against the US dollar this morning as rising retail sales in the UK and profits at Credit Suisse supported the currencies. US equity markets remain relatively quiet as investors digest news from…

Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , | Leave a comment

US Earnings Figures Strong

Posted on July 16, 2009 by admin

Strong corporate earnings figures in the US and positive Chinese economic data supported risk and equity markets yesterday, sending currency exchange rates across Europe and Asia higher. The figures boosted market sentiment across the board and led to a US dollar selling session with exchange rates improving for the Pound, Australian and New Zealand dollars. Continue reading →

Posted in Currency News, Euros, Other Currencies, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , | Leave a comment

Unemployment Rises

Posted on July 15, 2009 by admin

The UK unemployment rate has posted its largest quarterly increase, climbing to 7.6% in the three months to May. Consumer prices have fallen in the eurozone for the first time and international foreign exchange rates are likely to be subject to movements in US markets today, with consumer inflation, industrial production and the FOMC minutes due. Continue reading →

Posted in Euros, Special Currency Offers, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , | Leave a comment

Inflation Falls

Posted on July 14, 2009 by admin

The annual rate of inflation in the UK has fallen below the Bank of England’s 2% target for the first time in 21 months. Today’s calendar is packed with economic data that could cause a reshuffling of currency exchange rates that will potentially benefit some of the higher yielding currencies. Markets will focus on US retail sales figures and the producer price index out this afternoon. Continue reading →

Posted in Currency News, Euros, Other Currencies, UK Pound Sterling, US Dollars | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment